Bitcoin Tests $81,000 Support Amid Analysts' Market Analysis

Huo Xing Finance reports that as of October 15, 2026, Bitcoin has retreated to approximately $81,000 three times this month—on October 9, 12, and 15—repeatedly testing the same support zone. The latest decline has been compounded by macroeconomic headwinds, including higher-than-expected U.S. inflation, rising concerns over further Fed monetary tightening, and weakening U.S. equities, placing broader risk assets under pressure. Crypto market analyst Murphy noted that, based on chain-on adjusted realized loss data, the scale of losses corresponding to the three dips shows a clear declining trend: losses on October 12 were smaller than those on October 9; although losses on October 15 expanded slightly compared to the 12th, they remained below the level seen on the 9th. This suggests that the October 9 decline likely represented a peak in short-term price-sensitive positions exiting; during the second retracement, market sentiment was more cautious, with weak selling pressure; and the third drop, catalyzed by macroeconomic headwinds, once again forced some undecided holders to stop out. Thus, the current market appears closer to a gradual unwinding of “swing positions” rather than broad-based panic selling. If the percentage of short-term holders experiencing losses remains only around 31%, below the historical average of 42.7%, it indicates that position unwinding may still be incomplete, and further volatility and selling pressure cannot be ruled out. Moving forward, attention should focus on whether realized losses continue to contract: if price holds near the current support zone while loss realization gradually diminishes, it signals a reduction in passive selling and suggests the short-term correction may be nearing its end. Conversely, if realized losses expand significantly again, it implies the market still requires more thorough position rotation.